LOTUS HORIZON Reports Annual Loss of HK$3.307 Million Following Prior Year Profit
Stock News
Jun 23
LOTUS HORIZON (ASX: 06063) has released its annual results for the period ending March 31, 2026. The company reported revenue of approximately HK$226 million, marking a decrease of 13.03% compared to the previous year.
The financial performance shifted to a net loss of HK$3.307 million, a reversal from the profit recorded in the prior corresponding period. The loss per share amounted to HK$0.0017.
According to the company's announcement, the decline in revenue was primarily attributed to a slowdown in construction progress for several key projects during the financial year.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.